Mahanagar Gas technical analysis

According to the latest Pivot data, Mahanagar Gas’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹1027.38, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1057.21, ₹1074.18, and ₹1104.01, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1010.41, ₹980.58, and ₹963.61, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mahanagar Gas’s price movement.